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Desert Mountain Energy Corp ( (TSE:DME) ) has provided an announcement.
Desert Mountain Energy Corp. has been invited to participate in the U.S. government’s Acquisition Transformation Strategy and related sessions organized by the Office of the Assistant Secretary of War for Industrial Base Policy and the Defense Industrial Base, where it will contribute to discussions on potential helium off-take pathways. The company continues to work with U.S. National Laboratories on off-take agreements and end-use applications for helium-3 and helium-4, which it sees as aligned with national security priorities, while its engagement with NATO and the UK Ministry of Defence is expected to support its longer-term growth ambitions in Devon, UK. In parallel, Desert Mountain Energy plans, subject to TSX Venture Exchange approval, to extend the expiry date of 3,926,000 warrants issued in 2025 to a new common expiry of January 30, 2027, maintaining the original exercise price, a move that effectively lengthens the time frame for existing warrant holders to participate in potential equity upside without altering pricing terms.
Spark’s Take on TSE:DME Stock
According to Spark, TipRanks’ AI Analyst, TSE:DME is a Neutral.
Desert Mountain Energy Corp faces significant financial hurdles, with negative income and cash flow metrics being major concerns. The technical analysis suggests bearish trends, and the valuation is unattractive due to ongoing losses. However, recent corporate events, including strategic partnerships and legal victories, offer some optimism for future growth, but they are not yet sufficient to outweigh the financial challenges.
To see Spark’s full report on TSE:DME stock, click here.
More about Desert Mountain Energy Corp
Desert Mountain Energy Corp. is a publicly traded resource company focused on the exploration, development and production of helium, hydrogen and natural gas. The company targets helium extraction from various raw gas sources using environmentally and economically efficient methods to supply critical inputs to the renewable energy and high-technology sectors.
Average Trading Volume: 67,228
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$20.83M
Learn more about DME stock on TipRanks’ Stock Analysis page.